Wages: Companies face a pay bubble

IT, sales, accounting

In the pandemic, wages have risen sharply in many areas among specialists.

(Photo: gettyimages)

Dusseldorf Acute staff shortages, frequent job changes and rapidly growing inflation rates are fueling a salary bubble among skilled workers in Germany. This is shown by a study by the management consultancy Willis Towers Watson (WTW). The analysis focused on jobs that required special knowledge.

According to this, since the outbreak of the corona crisis, the salaries of IT system architects have increased by almost a quarter on average. Salespeople in the key account area have also earned an average of 15 percent more since the pandemic. The situation is similar in controlling, marketing and financial analysis.

They have all achieved salary increases averaging 10 percent or more over the past two years. In total, WTW has access to more than 400,000 salary data from 870 companies.

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